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NextEra Energy Inc NEE

Rating as of

Morningstar’s Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

NextEra Energy Delivers Record Renewable Energy Backlog Additions; Reports Strong Earnings

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are maintaining our $78 per share fair value estimate along with our narrow economic moat and stable moat trend ratings after NextEra Energy reported third-quarter operating earnings of $0.75 per share, compared with $0.67 in the same year-ago period. Management reaffirmed its 2021 EPS guidance of $2.40 to $2.54 and 6% to 8% annual earnings growth through 2023.

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Company Profile

Business Description

NextEra Energy's regulated utility, Florida Power & Light, distributes power to roughly 5 million customers in Florida. FP&L contributes roughly 60% of the group's operating earnings. The renewable energy segment generates and sells power throughout the United States and Canada. Consolidated generation capacity totals more than 50 gigawatts and includes natural gas, nuclear, wind, and solar assets.

Contact
700 Universe Boulevard
Juno Beach, FL, 33408
T +1 561 694-4000
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Slow Growth
Employees 14,900

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